Fannie Mae (FNMA)

[lookaheadfuture]

Posting it multiples times does not make it correct.

He posted a quote from the FASB. It's on page 48. The quote is accurate. Unless you have some evidence to the contrary it seems like this is the real intent.

Here is the full excerpt:

Mr. Werfel indicated that the intent at this time is that the control is intended to be
temporary and the FASAB, FASB and GASB literature provide that temporary control
should not lead to consolidation. The intent of Treasury is not to exercise the warrants
that provide 79.9% ownership. The purpose of the warrants was to drive the stock price
down to next to nothing. When the government steps in to aid a publicly traded entity it
does not invite fair trading. The Treasury wished to freeze the market for this stock and
the warrant accomplished that goal.